NextEra to Sell Eagle Ford, Pennsylvania Pipelines, Shift to Renewables Only
NextEra Energy Partners will first launch a process to sell its Eagle Ford assets in 2023 and its Pennsylvania assets in 2025, John Ketchum, NextEra’s chairman, president and CEO said.
Marketed: VirTex, Faraday, Catalyst Drilling Eagle Ford Opportunity
VirTex Operating Company Inc., Faraday Midstream Co. and Catalyst Drilling Co. retained Bok Financial Securities for the sale of a vertically integrated operated upstream, midstream and well service assets in the Eagle Ford.
Baytex Shareholders Approve $2.5 Billion Ranger Oil Acquisition
Baytex reported on May 15 that shareholders had approved the $2.5 billion deal to acquire Eagle Ford operator Ranger Oil Corp.
A&D Minute: High-dollar Deals in South Texas [WATCH]
In this week's A&D Minute, Callon Petroleum unveils plans to exit the Eagle Ford Shale, Crescent Energy looks to expand its Eagle Ford inventory and Diamondback Energy completes divestitures of assets both upstream and midstream.
Energy A&D Transactions from the Week of May 10, 2023
Here’s a snapshot of recent energy deals, including Callon Petroleum Co. bolt-on of Percussion Petroleum in the Delaware Basin and Eagle Ford exit and Permian Resources recent acquisitions, including a bolt-on.
Analysts: Callon’s $1.1 Billion A&D Aids Debt Reduction, Investor Returns
Callon’s exit from the Eagle Ford Shale will refocus the E&P as a Permian pure-play and should help reduce debt and return capital to investors, analysts say.
EOG May DUC Eagle Ford’s Dorado Gas Wells After June
The Dorado wells in the Eagle Ford are so prolific, EOG Resources said, the additional gas supply isn’t urgently needed to meet a long-term LNG sales contract.
Callon Adds Delaware Assets, Exits Eagle Ford in Deals Worth $1.1 Billion
Callon will acquire Percussion Petroleum’s Delaware assets for $475 million and offload its Eagle Ford assets to Ridgemar for $655 million.
A&D Minute: Expansions, Investments and Acquisitions Aplenty [WATCH]
In this week's A&D Minute, Suncor expands in the Canadian oil sands with a $4 billion TotalEnergies deal, U.S. Energy invests $225 million in the Midland Basin and Elk Range closes on its third Eagle Ford acquisition.
Energy A&D Transactions from the Week of May 3, 2023
Here’s a snapshot of recent energy deals, including Cresent Energy Co.'s $600 million Eagle Ford deal and more Enbridge natural gas storage transactions.